Russian Firms Find It Increasingly Hard to Get Paid by China

Several major Russian commodity exporters say trade with China has become a gamble as direct payments made in yuan are increasingly being frozen or delayed after the US in June broadened the criteria for imposing sanctions.

It has become very difficult or even impossible to make direct payments from China to Russia after the latest round of US sanctions, even when using yuan, said top executives at three commodities exporters. All three asked not to be identified as the information is sensitive.

Some Chinese buyers of Russian farm goods have also been experiencing issues with payments this month, a person ...